Patek Philippe. A fine 18ct gold manual wind open faced pocket watch together with fitted box Chronometro Gondolo, Movement No.151979, Case No.255284, Patented January 13th 1891
Lot 28
Patek Philippe. A fine 18ct gold manual wind open faced pocket watch together with fitted box Chronometro Gondolo, Movement No.151979, Case No.255284, Patented January 13th 1891
Sold for £4,750 (US$ 7,673) inc. premium

Lot Details
Patek Philippe. A fine 18ct gold manual wind open faced pocket watch together with fitted box
Chronometro Gondolo, Movement No.151979, Case No.255284, Patented January 13th 1891
Jewelled bar ébauche movement based on a patented design by Adrien Philippe (US Patent N° 20'483 of January 13, 1891) with moustache lever and bi-metallic cut and compensated balance, straight line lever escapement, wolf's tooth winding, 9ct gold train, Breguet overcoiled spring, spiral-shaped eccentric regulation, white enamel dial with black Roman numerals and outer five minute divisions, subsidiary dial for running seconds, gilt spade hands, polished and engine turned hinged case, numbered cuvette signed 'Gondolo & Labouriau Rio de Janeiro,' together with fitted Patek Philippe Box, dial and movement signed
54mm.

Footnotes

  • Patek Philippe was one of the first watchmaking firms to enjoy business relations with the United States, dating from 1851, when it signed an exclusive agreement with Tiffany & Co. New York. Patek Philippe had a presence in Latin America from the 1870's, but sales in this market really increased towards the end of the nineteenth century, when business relations began with distributors Gondolo & Labouriau, in Rio de Janeiro.

    Carlos Gondolo and his partner, Paulo Labouriau came up with an idea not too dissimilar to Breguet's 'souscription watch' concept. They founded buyers' club for 180 watch enthusiasts. The first week, the members paid ten dollars a week and then drew lots, with the winner acquiring a Patek Philippe. The celebrated Chronometro Gondolo, a calibre specially created for Gondolo and found in no other Patek Philippe timepiece was the coveted prize. The second week, the remaining 179 members again paid ten dollars, and so on until the last 79th week, when all the remaining members, each of whom had paid 790 dollars, received their own Patek Philippe watch. Besides being a huge success with businessmen, who found this method of buying by lottery amusing, the club enabled the Brazilian distributor to sell 180 Patek Philippe timepieces in less than two years. These types of watch were sold between 1902 and the early 30's.
Auction information

This auction is now finished. If you are interested in consigning in future auctions, please contact the specialist department. If you have queries about lots purchased in this auction, please contact customer services.

Buyers' Obligations

ALL BIDDERS MUST AGREE THAT THEY HAVE READ AND UNDERSTOOD BONHAMS' CONDITIONS OF SALE AND AGREE TO BE BOUND BY THEM, AND AGREE TO PAY THE BUYER'S PREMIUM AND ANY OTHER CHARGES MENTIONED IN THE NOTICE TO BIDDERS. THIS AFFECTS THE BIDDERS LEGAL RIGHTS.

If you have any complaints or questions about the Conditions of Sale, please contact your nearest customer services team.

Buyers' Premium and Charges

For all Sales categories excluding Wine, Coins & Medals and Motor Cars and Motorcycles:

Buyer's Premium Rates
25% on the first £50,000 of the Hammer Price
20% from £50,001 to £1,000,000 the Hammer Price
12% from £1,000,001 of the Hammer Price

VAT at the current rate of 20% will be added to the Buyer's Premium and charges excluding Artists Resale Right.

Payment Notices

Payment in advance: by cash, check with banker's card, credit card, bank draft or traveler's cheque.

Payment at collection: by credit or debit card.

Credit card charges: a surcharge of 2% is applicable when using Mastercard, Visa and overseas debit cards.

Shipping Notices

For information and estimates on domestic and international shipping as well as export licenses please contact Bonhams Shipping Department.

Contacts
  1. Paul Maudsley
    Specialist - Watches
    Bonhams
    Work
    101 New Bond Street
    London, United Kingdom W1S 1SR
    Work +44 20 7447 7412
    FaxFax: +44 20 7468 8370
  2. Kate Lacey
    Specialist - Watches
    Bonhams
    Work
    101 New Bond Street
    London, United Kingdom W1S 1SR
    Work +44 20 7468 8301
    FaxFax: +44 20 7468 8370
Similar Items